The partnership will provide discounted PII to compliance members
TMA Club has partnered with specialist insurance broker Howden, providing members access to a dedicated TMA professional indemnity insurance (PII) facility.
The mortgage club said that any firm that has purchased any one of its three compliance packages – the core package, the lite package, or the extra lite package – will be able to access the discount for insurance arranged by Howden’s PII team.
TMA offers bespoke compliance packages that are tailored to individual business requirements, including file checking, compliance visits, complaint handling, online training, financial promotion, and recruitment support.
Howden claims to have a highly experienced PII broking team, with many members having in excess of 25 years of experience advising financial advisory and mortgage and protection firms, and navigating multiple challenges, including regulatory change, economic crises, and fluctuating market conditions.
The insurance specialist acquired mortgage broker SPF Private Clients last year, extending its offering to the mortgage broking market.
“Many advisers experience difficulties when renewing their PII policies, and the process can often be costly,” Lisa Martin (pictured), development director at TMA Club, commented. “As a result, we are delighted to be working with Howden to assist in the protection of your business in a simple and cost-effective way.
“At TMA Club, we know that businesses must be resilient enough to weather all kinds of challenges, which is why we tailor-make our compliance packages to meet every one of your business’s needs in this area.”
Steve Ray, executive director at Howden Insurance Brokers, added that they were pleased to be partnering with TMA to offer competitive PII rates to its compliance members.
“This is just the latest demonstration of Howden’s commitment to providing brokers with quality insurance, so that they can operate with the confidence that their businesses are protected,” he said.
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